Forras Vagyonk (BUD:FORRAS.T) Days Payable : 41.98 (As of Dec. 2023)

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What is Forras Vagyonk Days Payable?

Forras Vagyonk's average Accounts Payable for the six months ended in Dec. 2023 was Ft1,963 Mil. Forras Vagyonk's Cost of Goods Sold for the six months ended in Dec. 2023 was Ft8,534 Mil. Hence, Forras Vagyonk's Days Payable for the six months ended in Dec. 2023 was 41.98.

The historical rank and industry rank for Forras Vagyonk's Days Payable or its related term are showing as below:

BUD:FORRAS.T' s Days Payable Range Over the Past 10 Years
Min: 30.25 Med: 55.12 Max: 448.53
Current: 36.44

During the past 13 years, Forras Vagyonk's highest Days Payable was 448.53. The lowest was 30.25. And the median was 55.12.

BUD:FORRAS.T's Days Payable is ranked worse than
69.96% of 466 companies
in the Asset Management industry
Industry Median: 74.64 vs BUD:FORRAS.T: 36.44

Forras Vagyonk's Days Payable declined from Dec. 2022 (58.15) to Dec. 2023 (41.98). It may suggest that Forras Vagyonk accelerated paying its suppliers.

Forras Vagyonk Days Payable Historical Data

The historical data trend for Forras Vagyonk's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Forras Vagyonk Days Payable Chart

Forras Vagyonk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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49.89

57.97

44.39

65.87

30.25

Forras Vagyonk Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															54.11	36.62	58.15	37.00	41.98

Competitive Comparison of Forras Vagyonk's Days Payable

For the Asset Management subindustry, Forras Vagyonk's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Forras Vagyonk's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Forras Vagyonk's Days Payable distribution charts can be found below:

* The bar in red indicates where Forras Vagyonk's Days Payable falls into.

Forras Vagyonk Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Forras Vagyonk's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1098.323	+	1682.378)	/	2 )	/	16775.212	*	365
=	1390.3505					/	16775.212	*	365
=	30.25

Forras Vagyonk's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2243.441	+	1682.378)	/	2 )	/	8533.535	*	365 / 2
=	1962.9095					/	8533.535	*	365 / 2
=	41.98

Forras Vagyonk Days Payable Related Terms

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Forras Vagyonk (BUD:FORRAS.T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Forras Vagyonk (BUD:FORRAS.T) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

FORRAS.OE.PFD:Hungary

Address

Bartok Bela ut 152, Budapest, HUN, 1113

Website

http://www.forras.hu

Forras Vagyonk operates in the asset management industry in Hungary. The activities of the company include sale of existing portfolio, secure money and real estate market operations, and service delivery.

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